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Gold Falls As Concerns About Rising Interest Rates Weigh on Demand

Posted on 27 October 2016

Expectations of tightening monetary policy tend to be bearish for gold. The metal doesn’t pay interest and struggles to compete with other investments when rates rise.
The precious metal was also hurt by a strengthening U.S. currency, which makes dollar-denominated gold more expensive for foreign investors. The WSJ Dollar Index, which weighs the dollar against a basket of other currencies, was recently up 0.1%………………………………….Full Article: Source


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